"In order for Kansas City to become the most entrepreneurial city in America, we must first transform education to produce innovative thinkers." I had the amazing opportunity to serve as a judge in yesterday's MECA Challenge sponsored by Big Brothers Big Sisters of Greater Kansas City. In short, the MECA Challenge provides opportunities for [...]
Global Entrepreneurship Week is a global movement aimed at driving entrepreneurship forward. Whether you are a new entrepreneur or are trying to take your entrepreneurship skills to the next level, you can benefit from getting involved. Over 170 countries participate and here in Kansas City we have over 170 events scheduled over five days. [...]
Business is evolving so fast that government regulators are struggling to keep up. But here in Kansas City, we're starting to lead. I've had plenty to say about how Kansas City is losing negotiations with sharing-economy businesses (first came ride-sharing, then home-sharing). I still feel like we've left a lot on the table, but [...]
Many business owners don’t realize this but the classification of your workers is very important. It will impact your tax obligations, who owns their work product, and more. This is Part 4 (Other Considerations) of a four part series on hiring employees and contractors. You can learn more in Part 1 (The Differences), Part [...]
Many business owners don’t realize this but the classification of your workers is very important. It will impact your tax obligations, who owns their work product, and more. This is Part 3 (Intellectual Property Issues) of a four part series on hiring employees and contractors. You can learn more in Part 1 (The Differences), Part [...]
Many business owners don’t realize this but the classification of your workers is very important. It will impact your tax obligations, who owns their work product, and more. This is Part 2 (Tax Responsibilities) of a four part series on hiring employees and contractors. You can learn more in Part 1 (The Differences), Part [...]
Many business owners don’t realize this but the classification of your workers is very important. It will impact your tax obligations, who owns their work product, and more. This is Part 1 (The Differences) of a four part series on hiring employees and contractors. You can learn more in Part 2 (Tax Responsibilities), Part [...]
What is the GDPR? The General Data Protection Regulation (GDPR) is a new legal framework which the European Union will use to protect the personal information of European individuals. It was passed in 2016 and will become enforceable law on May 25, 2018. The GDPR provides the following rights for EU citizens: The right [...]
One negative side effect of entrepreneurship is dealing with taxes. But you can use these seven tips starting today to make your life easier next tax season. 1. First, understand how businesses are taxed There are essentially two ways the IRS taxes businesses and entrepreneurs. One is "pass-through" in which the business' owners pay [...]
There are essentially two ways the IRS taxes businesses and entrepreneurs. We'll explain them in as few words as possible in this post. The two primary tax structures Pass-Through Taxation: Most businesses are taxed as “pass-through” entities. This means the profits and losses of the company are passed through to the owners’ individual tax returns. [...]